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Ken GriffinReduced
Citadel Advisors · Q2 2026
$955.28K
20.13K shares · 0.0% of portfolio
German American Bancorp Inc
German American Bancorp Inc (GABC) is listed on NASDAQ and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Jasper, United States and has 984 employees. The company is worth $1.92B and trades at 13.1x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $487.4M in fiscal 2025, up 37.8% from the year before. Net income was $112.64M. The share price is within 3% of its 52-week high. It pays a dividend yielding 2.39%, and has raised its annual dividend for 13 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $13.8M. In that quarter, 1 of them opened or added to the position and 1 reduced it. Over the last 30 days, company insiders bought $17.2K of its stock on the open market and sold none.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +27.6% over 5Y.
today you would have $1,459.59▲ +46.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $39.18 | $40.22 | $32.41 | $37.30 | $38.98 | $33.09 | $35.62 | $27.77 | $35.33 | $35.07 | $22.21 | $20.35 | $18.95 | $14.48 | $12.13 | $12.28 | $10.83 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 5.5% a year plus a 2.4% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 14.2 across this company’s own years on record.
Cash flow growing 5.5% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| HMNHorace Mann Educators Corp | $47.37 | 11.1x | 1.3x | 3.04% | 12.38% | $1.92B |
| AGBKAGI Inc | $7.34 | 7.1x | 1.2x | 0.00% | — | $1.92B |
| ETOReToro Group Ltd. | $24.39 | 9.0x | 1.5x | 0.00% | 19.50% | $1.94B |
| PAXPatria Investments Ltd | $11.90 |
| 14.2x |
| 12.8x |
| 14.2x |
| 11.1x |
| 13.4x |
| 12.3x |
| 14.1x |
| 15.6x |
| 14.0x |
| 20.0x |
| 22.3x |
| 14.7x |
| 14.3x |
| 14.4x |
| 11.4x |
| 11.3x |
| 15.2x |
| 14.8x |
| P/S | 4.1x | 3.0x | 4.3x | 3.0x | 4.0x | 5.2x | 4.2x | 5.0x | 4.6x | 6.1x | 6.3x | 4.9x | 4.1x | 4.1x | 3.1x | 2.7x | 3.1x | — |
| P/B | 1.7x | 1.3x | 2.1x | 1.4x | 2.0x | 1.7x | 1.4x | 1.7x | 1.5x | 2.2x | 2.4x | 2.0x | 1.8x | 1.9x | 1.5x | 1.4x | 1.7x | — |
| EPS | $3.06 | $2.83 | $2.91 | $2.78 | $3.17 | $2.34 | $2.29 | $1.99 | $1.77 | $1.57 | $1.51 | $1.43 | $1.32 | $1.27 | $1.07 | $0.81 | $0.73 |
| Dividend yield | 2.30% | 2.96% | 2.69% | 3.09% | 2.47% | 2.15% | 2.30% | 1.91% | 2.16% | 1.46% | 1.37% | 2.04% | 2.10% | 2.11% | 2.58% | 3.08% | 3.04% | 3.45% |
| Payout | 30.57% | 37.91% | 38.16% | 34.36% | 33.09% | 26.50% | 32.48% | 29.69% | 30.15% | 29.19% | 30.57% | 30.02% | 29.91% | 30.30% | 29.47% | 34.78% | 46.28% | 50.91% |
| Profit margin | 27.72% | 23.11% | 23.70% | 27.10% | 29.43% | 38.19% | 29.66% | 31.05% | 30.68% | 30.87% | 27.72% | 29.19% | 28.84% | 27.58% | 27.32% | 23.67% | 20.43% | 20.24% |
| ROE | 11.72% | 9.69% | 11.72% | 12.94% | 14.65% | 12.59% | 9.96% | 10.32% | 10.14% | 11.16% | 10.65% | 11.91% | 12.39% | 12.70% | 13.00% | 12.08% | 11.03% | 10.76% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+30.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 27.7x |
| 3.4x |
| 5.46% |
| 12.88% |
| $1.95B |
| DCOMDime Commercial Bancshares, Inc. | $42.52 | 14.7x | 1.3x | 2.35% | 9.60% | $1.88B |
| UWMCUWM Holdings Corp | $1.15 | — | 2.9x | 26.09% | -7.68% | $1.85B |